#fitchratings #uscredit #usdebt #yahoofinance U.S. futures are still under pressure from Tuesday’s credit rating cut. Is this cut a cause for serious concern? BNP Paribas U.S. Senior Economist Yelena Shulyatyeva joins Yahoo Finance Live to break down the credit rating downgrade and what it means for the state of the market. Shulyatyeva says, “I think it’s a long-term issue for us and we will be talking about this (for) decades and decades going forward if this unsustainable path continues.” Shulyatyeva also discussed Friday’s job report and the state of the labor market. Shulyatyeva characterizes it as a “gradual cooling” because “things are still very tight in the labor market.” Subscribe […]
#yahoofinance #apple #amazon #anheuserbusch Stock futures are trending lower this morning after Fitch’s credit downgrade on U.S. debt soured market sentiment around the world, snapping a winning streak for stocks. Bud Light distributor Anheuser-Busch reports a drop in sales due to consumer boycotts, but managed to boost its operating profits. Lastly, tech giants Apple and Amazon are set to report their earnings today.Yahoo Finance’s Julie Hyman highlights several of the top developing stories this morning. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial […]
#intel #yahoofinance #intelceo #ai #q3 After posting two straight quarters of losses, Intel (INTC) returned to profitability in the second quarter. In an interview with Yahoo Finance Live, Intel CEO Pat Gelsinger says he thinks “the worst is behind us at this point and our raise to the guide for Q3 really portends to a more optimistic future.” One of the big issues for Intel has been the slowdown in PC demand. On that Gelsinger says the company is “expecting nice quarter-on-quarter improvements” in that business, partly due to inventory adjustments. When it comes to AI, Gelsinger explains there are a couple of reasons why Intel’s name isn’t mentioned much […]
#trump #indictment #yahoofinance Yahoo Finance Live co-host Seana Smith looks ahead to the earnings due out on Thursday, including Warner Bros. Discovery, Anheuser-Busch, and Apple, while also breaking down former President Donald Trump’s third indictment of this year. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your […]
#uscredit #usdebt #fed #usdebt #yahoofinance Ratings agency Fitch surprised a lot of people when it downgraded its rating on U.S. debt from AAA to AA+. Allianz Chief Economic Advisor Mohamed El-Erian tells Yahoo Finance Live that he was surprised by the move too, and that “what Fitch put in their statement has been true for a while, so why now?” “When you look at the reason you scratch your head as to the timing of this,” El-Erian said. On the political issues the downgrade could raise, El-Erian says “domestically, this is likely to fuel more of the polarized conversations that are going on. Internationally, for the adversaries of the U.S., […]
#shopify #robinhood #occidental #etsy #doordash #petroleum Yahoo Finance Live’s Seana Smith examines the stock action surrounding several companies trending in the after-hours trading session. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more […]
After the most recent Fed rate hike, Allianz Chief Economic Advisor Mohamed El-Erian talks about how he thinks the Fed has an issue with ‘excessive data dependency.’ The segment is from August 2, 2023. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio […]
#yahoofinance #tcw #etf TCW is acquiring Engine No. 1’s ETF business, in a deal that is expected to close in the third quarter. Engine No. 1 CEO Jennifer Grancio joined Yahoo Finance Live to discuss the deal and its impact on the company. Grancio says, TCW has “such a strong reputation for investment managers that are great fiduciaries” and “they also run concentrated active portfolios. And so for us, it’s very exciting to move into that larger platform and kind of bring the active ETFs with us.” Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market […]
The Twitter rebrand wouldn’t mark the first time that Elon Musk has used the ‘X.com’ domain, which served as a precursor to PayPal in its first incarnation. With that in mind, what exactly could this history mean for the future of Twitter? American Banker Content Director Daniel Wolfe joins Yahoo Finance Live to speculate on August 1, 2023. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to […]
#fitchratings #yahoofinance #usdebt #uscredit Fitch Ratings downgraded its rating on U.S. debt from AAA to AA+, citing an expected fiscal deterioration of credit over the next few years as well as an increase in political divisions. New York Times Federal Reserve and Economy Reporter Jeanna Smialek tells Yahoo Finance Live that investors have remained unconcerned by the credit rating downgrade, saying “the question on everybody’s minds is, why now?” Smialek explains that the downgrade note didn’t include any information that investors weren’t already aware of. IG North America CEO JJ Kinahan echoes the sentiment, saying “I don’t think you’re seeing the kind of reaction you’d have expected if overall the […]
